LiquiGlide Inc., a Cambridge, MA-based creator of permanently wet slippery surfaces, raised $7m in funding.
The round was led by Roadmap Capital.
The company intends to use the funds to build its customer base across industries and hire innovative scientists.
Led by co-inventors Kripa Varanasi and CEO Dave Smith, LiquiGlide provides a patented technology platform for permanently wet, slippery surface coatings. Developed at the Massachusetts Institute of Technology (MIT), The company’s coatings are custom-made for each application by combining a porous solid with a liquid that gets trapped within it via capillary forces. They are commercially viable for a multitude of industries, from consumer packaged goods to oil & gas, medical, life sciences, agrochemical and aerospace.
LiquiGlide now has more than 30 paying clients across multiple industries and has more than 20 employees.
FinSMEs
09/03/2015